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wiiuMario Kart 8 has been a hit thus far, but the racing game hasn’t been enough to help Nintendo get out of the red.

The gaming giant today posted a loss of $97.3 million for last quarter, marking its third loss in the past four quarters. Revenue came in at about $732 million, which was an 8 percent dip from this time last year.

The loss comes despite Nintendo selling 510,000 Wii U consoles last quarter, a noticeable improvement from the 160,000 units it sold in the year-ago quarter and a slight increase from the 310,000 units sold in the March quarter.

Nintendo’s 3DS sold 820,000 units, which was down compared to the 1.4 million handhelds sold in the year-ago quarter. Mario Kart 8, meanwhile, sold 2.82 million copies, which accounted for more than half of all Wii U titles sold last quarter.

Still, Nintendo is losing lots of money and its Wii U sales continues to lag behind Microsoft’s Xbox One and Sony’s Playstation 4. As The Verge notes, more than 80 percent of the people who bought Mario Kart 8 already owned Wii U consoles, so the hit game isn’t resulting in a whole lot of new Wii U owners.

But as Tim Ellis details here, Nintendo isn’t completely out of the next generation console race with several other high profile games coming out later this year like the next installment of Super Smash Bros. and an open-world Legend of Zelda.

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